Well intervention rigs for Finnish yard

09 Sep 2011
Rendering of one of the new well intervention vessels for Eide Marine, ordered from STX Finland

Rendering of one of the new well intervention vessels for Eide Marine, ordered from STX Finland

STX Finland and Eide Marine Semi, a subsidiary of Eide Marine Services, have signed a contract for the outfitting, completion and delivery of two well intervention vessels with a total contract value over €300 million.

The 31,000dwt vessels will have a length of 122m and a width of 45m. They are to what the yard describes as a "sophisticated" and "technically advanced" design, for operation in rough open sea conditions on the Brazilian continental shelf. The hullform is intended for high seakeeping characteristics together with DP3 capability and thruster arrangement. A large deck area allows efficient arrangement of the well serving equipment.

The outfitting is expected to provide a high work load at STX Finland and its associates. The work on the first hull will begin at STX Rauma shipyard in April 2012 and on the second in June 2012. The vessels are scheduled to be delivered in March 2013 and June 2013. The contract is subject to certain financing conditions.

STX says that the contract shows the yard’s ability to provide competitive services and win significant orders in this offshore business segment, while being part of STX Finland’s diversification strategy, in which the company is expanding into new business areas.

“The outfitting contract for Eide Marine Services is a very important project for STX Finland. It shows that our strategic plan to expand our product and services portfolio,and to improve our global competitiveness and presence, has been successful”, says Timo Suistio, COO of STX Finland. “The project is very challenging both in terms of amount of outfitting work and the management of several global networking entities,” he continues.

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